"While we won’t be moving forward with another season of The Inbetweeners, we enjoyed working with the show's creators and such a talented, funny cast," a MTV spokesperson said in a statement.

Actor Zack Pearlman, who played Jay Cartwright, wrote on his blog Wednesday afternoon: "This was a crazy experience, but one that I will always be able to look back at and smile knowing that we did a fantastic job."

Inbetweeners was a remake of the popular British series of the same name, centered on the misadventures of four high school friends as they navigate the transition into adulthood. The half-hour series premiered in August to nearly 1 million viewers, before finishing its 12-episode order earlier this month to a little more than 600,000.

The news comes after Lifetime and WB Network veteran Susanne Daniels was appointed president of programming Nov. 12, replacing programming chief David Janollari.

Brad Kopeland penned the U.S. version of Inbetweeners, serving as showrunner and executive producer alongside Iain Morris,Damon Beesley and Aaron Kaplan.

For its part, MTV is bringing back scripted properties Teen Wolf and Awkward, while rookie series Underemployed is in the middle of its first-season run.